GLPL - Hourly Analysis - 20-06-2025

Sarfaraz Ahmad
Jun 20, 2025

Primary Structure: Bullish Impulse

Primary Trend: Bullish

Current Wave structure: Potential Bullish Impulse

Expectations: The rise from the low of the black wave "2" is expected to unfold in five waves. The price is sustained well above the upper line of the base channel, suggesting more aggression after a small pause. We should expect at least five waves from the low of the black wave "2". More gains are expected.

Past Trade: Made a profit of Rs 150, i.e., 107%.

Recommendations: 7: Stopped out with a gain of 107%.
6: Move stops to 290
5: Move stops to 240.
4: Move stops to 232.
3: Move stops to 185.
2: Hold the longs.
1: Longs from 140 must be protected with stops at 105. Targets will be communicated with time.

Previously :